10992 132A STREET, Surrey
$1,579,000
This 18,108 sqft property in Surrey is a detached single-family home on a lot the new rules make suitable for a multiplex. Surrey follows the provincial small-scale housing rules, so most single-family lots allow three to four homes, and up to six near frequent transit. Surrey's larger lots and lower land prices often lift the number of units that pencil out.
Calling all investors and builders! 18108 sq ft of prime real estate in sought after City Center. Many sold out developments nearby. Designated as multi family in the Official Community Plan (OCP). 4 bedrooms and 2 baths over 1900 sq ft on two levels. Upgrades include fresh paint upstairs, new carpet, air conditioning and stainless steel appliances ,steel roof, doors, full reno downstairs and added new garage door. Extra large lot perfect for redevelopment. 5 mins walking distance to Skytrain, Recreation center, library, City Hall, and Simon Fraser University, VCC, Kwantlen University, T&T supermarket and Wal-Mart supercenter.
How this price compares
This lot asks $87 per square foot of lot. That is 42% below the median of $150 across the 529 active lots VanPlex is showing in Surrey, and puts it 94 of 529 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $1,579,000
- Lot size
- 18,108 sqft
- Lot dimensions
- 48.41 x 375.1
- Frontage
- 48.41 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1969
- MLS® area
- Whalley
- MLS® number
- R3121363
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Listing data via MLS®. Displayed for information only.